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236 26th Street, Greenwood ...

Lesley Springer Acquires Multifamily Property In Greenwood Heights For $915,000
SOLDMultiFamily

Lesley Springer Acquires Multifamily Property In Greenwood Heights For $915,000

236 26th Street, Greenwood Heights, Brooklyn, NY, USA

$915,000

$254/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Sep 14, 2021

AI

The multifamily property located at 236 26th Street in Greenwood Heights has been sold for a total price of $915,000. The property consists of 6 units, with a price per unit (PPU) of $152,500. The total square footage of the property is 3,600, resulting in a price per square foot (PPSF) of $254.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $915,000
  • Units: 6
  • Price Per Unit: $152,500
  • Square Footage: 3,600
  • Price Per Square Foot: $254

Lesley Springer has acquired the property, while Chris Williams has sold it. The transaction was facilitated by Jerry Tenenbaum from Top Nest NY CRE.

Players

Jerry Tenenbaum

Top Nest Properties

Broker

$15.5M

vol

11 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

17.34%

Cash-on-Cash

-4.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93